How to Recognize a Great Heavy Equipment Financing Company
Not every organization is able to pay for the entire cost of heavy equipment upfront. Heavy equipment, in any industry, can be very expensive. Because of that, you’re likely going to need financing that is readily available for a payment option.
The good news is that you’re certainly not alone if you’re considering financing heavy equipment. The Equipment Leasing & Finance Foundation (ELFA) says that “of the $1.676 trillion that will be invested by U.S. businesses, nonprofits and government agencies in plant and equipment and software, approximately 63%, or $1.059 trillion of that investment will be financed through loans, leases and lines of credit.”
It’s clear that it’s a common practice, but where should you go from there? Not all equipment financing companies are equal. You deserve to work with a company with a trusted reputation.
Continue reading this article to learn just how a company like us at AvTech Capital make a positive name in this vast industry. You’ll be able to recognize those crucial characteristics you can trust.
Financing a Loan for Heavy Equipment Compared To Leasing It
You might have thought that financing heavy equipment was only available for ownership. Perhaps you weren’t aware that you can finance heavy equipment under a leasing schedule. That’s good news for many companies since they won’t always need the equipment for extended use. Furthermore, leasing can offer a more flexible approach based on the customer’s needs in the form of lower monthly payments, quicker turnaround time, and less documentation up front.
Here at AvTech Capital, we’re realistic about the varying circumstances throughout the industry that affect our clients. Each company is unique and a lease has the flexibility to be tailored or structured to meet each customer’s needs.
We believe it’s important to recognize the sensibility of leasing. That’s why we specialize in helping our customers finance their leases of heavy equipment when they need it. It’s just one way we like to show that our top priority is finding your best financial arrangement when it comes to heavy industrial equipment.
Financing a Loan for Heavy Equipment Compared To Leasing It
You might have thought that financing heavy equipment was only available for ownership. Perhaps you weren’t aware that you can finance heavy equipment under a leasing schedule. That’s good news for many companies since they won’t always need the equipment for extended use. Furthermore, leasing can offer a more flexible approach based on the customer’s needs in the form of lower monthly payments, quicker turnaround time, and less documentation up front.
Here at AvTech Capital, we’re realistic about the varying circumstances throughout the industry that affect our clients. Each company is unique and a lease has the flexibility to be tailored or structured to meet each customer’s needs.
We believe it’s important to recognize the sensibility of leasing. That’s why we specialize in helping our customers finance their leases of heavy equipment when they need it. It’s just one way we like to show that our top priority is finding your best financial arrangement when it comes to heavy industrial equipment.
Start By Researching Their Online Presence
These days, it seems as though we’re always connected to a digital device. Over time, businesses have learned to take advantage of the digital marketplace. Whenever you’re preparing to hire any service, you should always research their online presence.
A trusted heavy equipment financing company should have a sophisticated website. If their site seems outdated, or if it takes forever to load, you might want to consider someone else like us at AvTech.
If it’s obvious that a company has invested in their website, they’re likely to be willing to invest in you. This is one way to tell that they take their profession seriously.
Statistics show that around two-thirds of people would rather read something online that is even just better looking rather than plain text. Website design is clearly important to a company’s website. That’s why we at AvTech have invested in an engaging, aesthetically pleasing site for you to browse.
You can also look into online reviews from previous customers or news stories. Learn everything you can about a company online before you consider hiring them.
Equipment Financing Companies Should Focus on Your Best Interests
Sometimes, heavy equipment financing companies aren’t focused on their customers’ needs. Instead, they’re only worried about their bottom line. That might mean that when you speak to them, they mostly seem like they’re trying to sell you something — not help you.
The unfortunate truth of such a business practice is that customers often get shoved to the side. Instead of being a secondary concern, make sure the financing company you work with makes immediate time for you. They should clearly show that finding a financing solution is at the top of their list.
At AvTech, for example, we have built a reputation as a financing company with a quick turnaround. It’s evident that we believe in making our customers happy as soon as possible.
We do that not only with a quick turnaround but also with our tailored financing solutions. We want to make it clear that you’re our priority – not sales.
Consider our article on the tax benefits of equipment financing. Would a financing company who doesn’t care about you try to help you save money? It’s not likely – or common.
Equipment Financing Companies Should Focus on Your Best Interests
Sometimes, heavy equipment financing companies aren’t focused on their customers’ needs. Instead, they’re only worried about their bottom line. That might mean that when you speak to them, they mostly seem like they’re trying to sell you something — not help you.
The unfortunate truth of such a business practice is that customers often get shoved to the side. Instead of being a secondary concern, make sure the financing company you work with makes immediate time for you. They should clearly show that finding a financing solution is at the top of their list.
At AvTech, for example, we have built a reputation as a financing company with a quick turnaround. It’s evident that we believe in making our customers happy as soon as possible.
We do that not only with a quick turnaround but also with our tailored financing solutions. We want to make it clear that you’re our priority – not sales.
Consider our article on the tax benefits of equipment financing. Would a financing company who doesn’t care about you try to help you save money? It’s not likely – or common.
Analyzing Their Knowledge and Experience
Financing heavy equipment is not as easy to navigate as one might expect. There are a lot of things that go into developing the best financing plan. It takes a lot of understanding and practice in the industry for a company to build up a solid reputation.
Here at AvTech, we’re happy to prove our experience with successful financing solutions. For assurance of our expertise, talk to us directly. From the very beginning of your communications with us, don’t be afraid to ask plenty of questions.
Ask about the industry, our practices, and the company’s overall values. You can even ask about our favorite experiences finding solutions for previous clients.
Make sure you gather enough information to feel comfortable with your financing company’s level of expertise. You deserve to have the peace of mind that comes from knowing that your heavy equipment financing company knows what they’re doing.
Their Customer Service Should Be Friendly and Helpful
At its core, the financing company you choose should clearly prioritize customer service. With every interaction, their staff should be friendly, informative, and professional. You should be impressed with every conversation you have.
Only top-quality customer service proves that the financing company isn’t just trying to take advantage of you. That means they should regularly be available and eager to assist you. Only financing companies as reputable as us at AvTech understand that priority.
Get in Touch with the Best Heavy Equipment Financing Company Today
At the end of the day, you might be overwhelmed with the many heavy equipment financing companies on the market. Still, it’s hard for many of them to stand out as much as AvTech.
We know how important it is to prioritize you and your needs every step of the way. Financing can be tricky, but we know how to navigate the ins and outs of your best financing options. You deserve to trust the financing company you work with.
We encourage you to get in touch with us today and we will help you find your optimal financing solution.